US proposes new trade talks with China

Category : USA NewsUpdated On : September 14, 2018 04:55 AM

By Indian Times Daily

The Trump administration has offered China another chance to try to stave off new tariffs on $200 billion in Chinese exports, asking top officials for a fresh round of trade talks later this month, according to people briefed on the matter.

The invitation for talks was made by Treasury Secretary Steven Mnuchin. "There's some discussions and information that we've received that the Chinese government -- the top of the Chinese government -- wished to pursue talks," White House Economic Adviser Larry Kudlow was cited as saying by CNN on Wednesday.

According to a Wall Street Journal report, Mnuchin had sent the offer to a group of Chinese officials led by Vice Premier Liu He, the top economic adviser to President Xi Jinping.